Prospira PainCare Buys The Pain Management Center

Prospira PainCare, a portfolio company of Pulse Equity Partners, said on Tuesday that it has acquired The Pain Management Center. No financial terms were disclosed. Based in Hamilton, New Jersey, The Pain Management Center is a pain treatment center serving southern New Jersey and the Philadelphia metropolitan area.

PRESS RELEASE

MOUNTAIN VIEW, CA, June 11, 2013, Prospira PainCare, Inc., the nation’s premier provider of multidisciplinary pain management and restorative healthcare services, today announced the acquisition of The Pain Management Center, a state-of-art pain treatment center serving southern New Jersey and the Philadelphia metropolitan area. Prospira PainCare’s partnership with The Pain Treatment Center represents the company’s first expansion into the northeastern United States.
Headquartered in Hamilton, New Jersey, The Pain Management Center was founded by practicing physician Dr. Adam Sackstein and today provides an interdisciplinary pain management approach consistent with Prospira PainCare’s innovative treatment therapies focusing on treating acute, chronic and intractable pain. Like Prospira PainCare, The Pain Management Center, emphasizes a holistic, multi-disciplinary course of care that provides pain relief and seeks to restore a patient’s well being and return to a more productive, functional lifestyle.
“Prospira PainCare is pleased to welcome The Pain Management Center into our existing portfolio of world-class pain management and treatment centers,” states Barry Karlin, Chairman & CEO of Prospira PainCare. “This partnership represents Prospira PainCare’s entrance in serving patients suffering from acute, chronic or intractable pain throughout the Northeastern United States.”
“After 18 years in private practice, The Pain Management Center has found in Prospira PainCare a partner that shares our philosophy of providing exemplary patient care,” states Dr. Adam Sackstein, CEO of The Pain Management Center.
“In an increasingly challenging healthcare environment, we believe that our partnership will allow The Pain Management Center to scale and expand our presence throughout southeast New Jersey and the Philadelphia metropolitan area.”
The acquisition of The Pain Management Center follows the recent acquisition by Prospira PainCare of pain management and treatment centers in the southeast and western United States, including The National Pain Institute located throughout Florida, The Bay Area Pain & Wellness Center serving the San Francisco area and The Spine Center of Southeast Georgia.
About Prospira PainCare
Prospira PainCare is the nation’s premier provider of comprehensive, multidisciplinary pain management services. Through our partnerships with leading pain centers, physicians and rehabilitation specialists, Prospira PainCare delivers world-class treatment to restore the health and quality of life for those suffering from acute, chronic or intractable pain.
To learn more about Prospira PainCare’s comprehensive, multidisciplinary pain management services, please visit www.prospirapaincare.com.